Blockchain Business Conference begins in Vizag

Fintech Valley Vizag, the flagship initiative of Government of Andhra Pradesh today flagged off India’s Largest Blockchain conference, Blockchain Business Conference in Vizag. The conference marks the second leg of the Fintech Valley Vizag initiative that was started with the Fintech Spring Conference in March 2017.

The power-packed two-day expo connects decision makers from government bodies and the industry, working on blockchain technologies to create business and investment opportunities for startups received an overwhelming participation of more than 500 delegates on day 1.

Another significant aspect of the conference was the NASSCOM 10,000 startup program. As part of the program, NASSCOM will be setting up a 70-seater facility in Vizag to help incubate startups, mentorship and provide world class products.

Chief Minister Chandrababu Naidu said, “Today, as part of the Fintech Valley Vizag initiative, we have nine companies that have already set up and 16 companiesyet to establish their bases in Vizag. Within the last one year, we have been able to attract INR 600 crore in investment. Progress is only possible through adoption of technology. Our aim is for Vizag to be the technology and education hub not only in Andhra Pradesh but for the entire country.”

In his address, IT Minister Lokesh Nara also stated that Andhra Pradesh is the first State in the country to pilot Blockchain in India in road transport and land registry. The government has also set up India’s largest use case-repository for global start-ups to test their solutions.

J A Chowdary, Special Chief Secretary & IT Advisor to the Chief Minister said they want Visakhapatnam to be the next fintech capital of the world.” (NSS)